Bitcoin Storage Company Elliptic Locks Up $2M Investment
July 17, 2014
Elliptic, a digital asset services company, has completed a $2 million seed funding round led by Octopus Investments. Elliptic offers a suite of enterprise services that bridge the gap between traditional finance and digital assets. Its first such product, Elliptic Vault, is an insured Bitcoin storage service targeted at businesses and financial institutions that combines physical and cryptographic security to protect clients' digital assets. The funding will be used to support further product development and to build on the current momentum around customer acquisition, which has seen a range of businesses, including hedge funds and law firms, adopt Elliptic Vault for their Bitcoin storage needs.